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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of assets measured at fair value on a recurring basis

Disclosures concerning assets measured at fair value are as follows:

Assets Measured at Fair Value on a Recurring Basis

		Quoted Prices				Significant
		in Active				Other				Significant
		Markets for Identical				Observable				Unobservable
(Dollars in thousands)		Assets				Inputs				Inputs				Balance at
		(Level 1)				(Level 2)				(Level 3)				Date Indicated
Equity Securities Held at Fair Value - March 31, 2019
Equity securities		$	2,071			$	—			$	963			$	3,034
Investment Securities, Available for Sale - March 31, 2019
U.S. Treasury notes and bonds		$	—			$	1,959			$	—			$	1,959
U.S. Government and federal agency			—				33,764				—				33,764
State and municipal			—				95,792				8,095				103,887
Mortgage-backed			—				23,024				—				23,024
Corporate			—				5,117				—				5,117
Trust preferred securities			—				—				500				500
Asset backed securities			—				3				—				3
Total		$	—			$	159,659			$	8,595			$	168,254
Equity Securities Held at Fair Value - December 31, 2018
Equity securities		$	1,961			$	—			$	886			$	2,847
Investment Securities, Available for Sale - December 31, 2018
U.S. Treasury notes and bonds		$	—			$	1,947			$	—			$	1,947
U.S. Government and federal agency			—				33,529				—				33,529
State and municipal			—				95,930				7,998				103,928
Mortgage-backed			—				21,575				—				21,575
Corporate			—				5,102				—				5,102
Trust preferred securities			—				—				500				500
Asset backed securities			—				21				—				21
Total		$	—			$	158,104			$	8,498			$	166,602

Schedule of changes in Level 3 assets measured at fair value on a recurring basis

Disclosures concerning assets measured at fair value are as follows:

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis

(Dollars in thousands)
		2019				2018
Equity Securities Held at Fair Value
Balance, January 1		$	886			$	—
Reclassification due to implementation of ASU 2016-01			—				1,000
Total realized and unrealized gains included in noninterest income			77				—
Net purchases, sales, calls, and maturities			—				—
Net transfers into Level 3			—				—
Balance, March 31		$	963			$	1,000
Investment Securities, Available for Sale
Balance, January 1		$	8,498			$	13,398
Reclassification due to implementation of ASU 2016-01			—				(1,000	)
Total unrealized gains (losses) included in other comprehensive income			97				(230	)
Net purchases, sales, calls, and maturities			—				—
Net transfers into Level 3			—				—
Balance, March 31		$	8,595			$	12,168

Schedule of assets measured at fair value on a nonrecurring basis

Disclosures concerning assets measured at fair value are as follows:

Assets Measured at Fair Value on a Non-recurring Basis

						Quoted Prices				Significant
						in Active				Other				Significant
						Markets for				Observable				Unobservable
(Dollars in thousands)		Balance at				Identical Assets				Inputs				Inputs
		Dates Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
March 31, 2019		$	3,773			$	—			$	—			$	3,773
December 31, 2018		$	4,024			$	—			$	—			$	4,024
Other Real Estate
March 31, 2019		$	121			$	—			$	—			$	121
December 31, 2018		$	102			$	—			$	—			$	102

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

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-Publisher FASB
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-Topic 820
-SubTopic 10
-Section 50
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